The ________ function is responsible for making sure customers are aware of the company's products. Group of answer choices

Answers

Answer 1

Answer:

sales and marketing.

Explanation:

The sales and marketing function is essential to ensure that the customer knows and has access to the company's products through an effective communication, distribution and customer service system.

There needs to be planning and research to identify who your potential consumer is, what are their needs and preferences, where they usually buy the product, how often, what their income, which media they access most, etc., so that there is the correct allocation of resources for advertising, product distribution and other variables, so that the product is available to the customer in the right place, in the right quantity, at the right time and quality.


Related Questions

Read the following descriptions and identify the type of risk or term being described:

a. This type of risk relates to fluctuations in exchange rates.
b. This type of risk is inherent in a firmâs operations. A standard measure of the risk per unit of return. This can be used to reduce the stand-alone risk of an investment by combining it with other investments in a portfolio.
c. A standard measure of the risk per unit of return
d. This type of risk relates to fluctuations in exchange rates

Answers

Answer:

Foreign exchange risk

Explanation:

These are the risks that an international financial transaction could accrue because of fluctuations in the currency.

A standard measure of the risk per unit of return and this type of risk relates to fluctuations in exchange rates.

Therefore, according to the following descriptions, the type of risk or term being described is Foreign exchange risk.

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1.735 million in annual sales, with costs of $650,000. The project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. The tax rate is 21 percent.
a) what is the projects year 0,1,2,3 net cash flow?
b) if the required return is 12 percent, what is the project's NPV?

Answers

Answer:

Quad Enterprises

a. The project's net cash flow:

Year 0    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150

b. The project's NPV is -$261,126

Explanation:

a) Data and Calculations:

Initial cost of investment in fixed asset = $2.32 million

Estimated annual sales = $1,735,000

Estimated annual costs =     650,000

Before-tax income           $1,085,000

Company tax (21%)               227,850

Net income/cash flow        $857,150

a. The project's net cash flow:

Year 0    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150

b. The project's NPV, if the required return is 12%:

Period    Cash Flows          

Annuity Factor for 3 years at 12% = 2.402

Year 0    -$2.32 million    -$2.32 million

Year 1     $857,150

Year 2    $857,150

Year 3    $857,150           $2,058,874 ($857,150 * 2.402)

NPV =                               -$261,126

FAB Corporation will need 200,000 Canadian dollars (C$) in 90 days to cover a payable position. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90-day put option with an exercise price of $.73 and a premium of $.01 is available. FAB plans to purchase options to hedge its payable position. Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost

Answers

Answer:

$144,000

Explanation:

Calculation to determine net amount paid, assuming FAB wishes to minimize its cost

Net amount: ($.71 + $.01) x 200,000

Net amount = $144,000.

Therefore net amount paid, assuming FAB wishes to minimize its cost is $144000

If the substitution effect of the real interest rate on saving is larger than the income effect of the real interest rate on saving, then a rise in the real interest rate leads to a ________ in consumption and a ________ in saving, for someone who's a lender.

Answers

Answer:

rise, fall

Explanation:

In the case when the subsitution effect with respect to the real rate of interest should be saved and more than the income effect on the real rate of interest so if there is an increased in the real rate of interest so there is an increase in the consumption also there is the fall in the savings

Also, if there is a more income effect, the consumption should rise and the savings would decline

Therefore the rise and fall should be considered to fill the blanks

Solve for the missing amounts using a T-account for the balance sheet accounts in each situation. Assume that there is only one debit entry and one credit entry in the account during the month. Required: a. The Supplies account had a balance of $1,250 at the beginning of the month and $1,700 at the end of the month. The cost of supplies purchased during the month was $4,000. Calculate the cost of supplies used during the month.

Answers

Answer:

$3,550

Explanation:

Supplies used = Opening supplies + Purchases of Supplies - Ending Supplies

therefore,

Supplies used = $1,250 + $4,000 - $1,700

                         = $3,550

thus,

The cost of supplies used during the month is $3,550.

D.Now, if the inflation rate is 18%, the nominal rate of interest on the CD is 24%, and the interest is not taxable, what is the real interest rate on the CD

Answers

Answer: 6%

Explanation:

Inflation increases prices in an economy and therefore makes a currency weaker because the currency will only be able to buy less than what it was able to.

Inflation therefore affects returns which is why the real returns are the more relevant measure.

The real interest rate accounts for inflation by using the formula:

= Nominal rate - Inflation rate

= 24% - 18%

= 6%

At the end of each quarter, Patti deposits $1,100 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years

Answers

Answer:

Future value = $22172.56

Explanation:

Below is the given values:

Deposit made at the end of each quarter = $1100

Interest rate = 12% or 12% / 4 = 3%

Number of year = 4years

Number of compounding period = 4 x 4 = 16

Future value = Annuity x [ (1 + r)^n - 1] / r

Future value = $1100 x  [ (1 + 3%)^16 - 1] / 3%

Future value = $22172.56

Drew wants to save $2,500 to go to the next World Cup. To the nearest dollar, how much will he need to invest in an account now with 6.25% APR, compounding daily, in order to reach his goal in 4 years

Answers

Answer:

195

Explanation:

FV/ (1 + r/m)^nm = pv

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years

2500 / (1 + 0.0625/365)^365  x 4

2500 / (1.000171) = 2499.57

The net profit margin ratio can mathematically be broken down as:______.
a. Tax impact x Capital structure impact x Net Profit / Sales
b. Tax impact x Capital structure impact x EBITDA / Sales
c. Tax impact x Capital structure impact x Gross Profit / Sales
d. Tax impact x Capital structure impact x EBIT / Sales

Answers

Answer:

d. Tax impact x Capital structure impact x EBIT / Sales

Explanation:

The net profit margin ratio could be computed by dividing the net income from the sales and the net income is come when the expenses are deducted from revenues

Also the capital structure is the combination of equity, preferred stock, debt.

So mainly it is broken into tax impact, capital structure impact and net profit margin ratio

Therefore the option d is correct

.What are economies of scale? Take an analysis example

Answers

Answer:

The summary of the given topic is explained below throughout the following portion.

Explanation:

The production phenomenon known might be why the additional expenses you generate that for each unit, are considered as Economies of scale. Mostly since the greater optimized production operations you develop, the further optimized they are.

Example:

Because of its scale, perhaps the company could be interested in receiving credit standards.

Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following transactions: Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $30,000. Purchased used automobile for $20,000, paying $4,500 cash and giving a note payable for the remainder. Paid April rent for office and workroom, $3,000. Paid cash for supplies, $1,440. Purchased office and computer equipment on account, $6,000. Paid cash for annual insurance policies on automobile and equipment, $2,000. Received cash from a client for plans delivered, $7,500. Paid cash to creditors on account, $1,740. Paid cash for miscellaneous expenses, $375. Received invoice for blueprint service, due in May, $1,000. Recorded fees earned on plans delivered, payment to be received in May, $5,200. Paid salary of assistant, $1,600. Paid cash for miscellaneous expenses, $810. Paid installment due on note payable, $240. Paid gas, oil, and repairs on automobile for April, $390.

Required:
Record the above transactions in T accounts.

Answers

Answer:

Jones Architects

T-accounts:

Cash

Account Titles               Debit      Credit

Common Stock,       $30,000

Automobile                                 $4,500

Rent expense                             $3,000

Supplies                                      $1,440

Prepaid Insurance                     $2,000

Service Revenue       $7,500

Accounts Payable                      $1,740

Miscellaneous expenses,            $375

Salary Expense                         $1,600

Miscellaneous expenses,            $810

Note payable,                              $240

Automobile expense                  $390

Common Stock

Account Titles               Debit      Credit

Cash                                           $30,000

Note payable

Account Titles               Debit      Credit

Automobile                                $15,500

Cash                              $240

Automobile

Account Titles               Debit      Credit

Cash                             $4,500

Note payable             $15,500

Rent expense

Account Titles               Debit      Credit

Cash                             $3,000

Supplies

Account Titles               Debit      Credit

Cash                             $1,440

Office and computer equipment

Account Titles               Debit      Credit

Accounts Payable      $6,000

Accounts Payable

Account Titles               Debit      Credit

Office and computer equipment $6,000

Cash                            $1,740

Blueprint expense                        $1,000

Prepaid Insurance

Account Titles               Debit      Credit

Cash                             $2,000

Service Revenue

Account Titles               Debit      Credit

Cash                                              $7,500

Accounts receivable                    $5,200

Miscellaneous expenses

Account Titles               Debit      Credit

Cash                               $375

Cash                               $810

Blueprint expense

Account Titles               Debit      Credit

Accounts payable        $1,000

Accounts Receivable

Account Titles               Debit      Credit

Service Revenue        $5,200

Salary Expense

Account Titles               Debit      Credit

Cash                              $1,600

Automobile expense

Account Titles               Debit      Credit

Cash                               $390

Explanation:

a) Data and Analysis:

Cash $30,000 Common Stock, $30,000

Automobile $20,000 Cash $4,500 Note payable $15,500

Rent expense $3,000 Cash $3,000

Supplies $1,440 Cash $1,440

Office and computer equipment $6,000 Accounts Payable $6,000

Prepaid Insurance $2,000 Cash $2,000

Cash $7,500 Service Revenue $7,500

Accounts Payable $1,740 Cash $1,740

Miscellaneous expenses, $375 Cash $375

Blueprint expense $1,000 Accounts payable $1,000

Accounts receivable $5,200 Service Revenue $5,200

Salary Expense $1,600 Cash $1,600

Miscellaneous expenses, $810 Cash $810

Note payable, $240 Cash $240

Automobile expense $390 Cash $390

The MD Fund has an expected return of 16% and a standard deviation of 20%. The risk-free rate is 4%. What is the reward-to-volatility (Sharpe) ratio for the MD Fund

Answers

Answer: 60% or 0.60

Explanation:

Sharpe ratio shows the risk adjusted return of an asset and then compares it to a risk-free asset to see if its returns are higher after it has been adjusted for risk.

Formula is:

= (Expected return - Risk free rate) / Standard deviation

= (16% - 4%) / 20%

= 12% / 20%

= 60% or 0.60

In 2010 the Federal Reserve Board (the Fed) reported that nonfinancial companies in the United States had around $2 trillion in cash and short-term liquid assets. As the U.S. economy was still struggling, consumer spending remained low, and companies resisted in investing in new projects that would create value for their stakeholders.
As the economy improves, uncertainty in the markets decreases, and companies will start investing in projects. However, the challenge of analyzing and selecting projects that would generate cash flows and returns and add value to the firm would remain.
The assumptions in the analysis about cost of equity and debt—overall and for projects—have a significant impact on the type and the value of investments that a company makes.
According to the Association of Finance Professionals’ report, published in 2011 on current trends in estimating and applying the cost of capital, companies use a discount rate that is usually above or below 1% of the company’s true rate. Using this information and certain inputs from the Fed, Michael Jacobs and Anil Shivdasani estimated that a 1% drop in the cost of capital leads U.S. companies to increase their investment by about $150 million over three years.
Based on your understanding of the concept of cost of capital, which of the following statements are valid?
a. Companies always use the weighted average cost of capital (WACC) as the discount rate to analyze the financial viability of projects.
b. A company’s estimate of cost of capital impacts its application in the analysis of new investments that, consequently, affects the value of the firm and shareholders’ wealth.
c. Investors care about the incremental value addition that new projects are making; they are least concerned with the discount rates that the company uses.
d. Companies incorporate the required rate of return in the cost of capital to compensate investors for the components’ risks.

Answers

Answer:

b. A company’s estimate of cost of capital impacts its application in the analysis of new investments that, consequently, affects the value of the firm and shareholders’ wealth.  d. Companies incorporate the required rate of return in the cost of capital to compensate investors for the components’ risks.

Explanation:

A  company's estimate of cost of capital, is serious because it is used in the calculations of the returns from a new investment which is used to calculate the value of the firm and its shareholders. They therefore need to make these estimates as accurate as possible.

Companies also incorporate the required rate of return in the cost of capital so that the investors who provided this capital, can be ensured of a return on their investment because it would be accounted for in analysis of new investments.

Mr. J's Bagels invested in a new oven for $14,000. The oven reduced the amount of time for baking which increased production and sales for five years by the following amounts of cash inflows:
Year 1: $8,000
Year 2: $6,000
Year 3: $5,000
Year 4: $6,000
Year 5: $5,000
The payback period for the investment in the oven would be:
a: 5 years
b: 2.3 years
c: 2.0 years
d: 0.5 years

Answers

Answer:

c: 2.0 years

Explanation:

The computation of the payback period is shown below:

Since initial investment is $14,000

And, if we add the first two cash inflows i.e.

= $8,000 + $6,000

= $14,000

So, it is equivalent to the initial investment made

So, this means the investment amount payback in 2 years

Therefore the option c is correct

A bond has annual coupons, $1000 par value, 2 years to maturity, 8% coupons and a 6% yield. Calculate the Macaulay Duration. The settlement date (purchase date) is 1/1/2030 and maturity date is 1/1/2032.
Give your answer to two decimal place.

Answers

Answer:

The answer is "1.93 years".

Explanation:

[tex]Macaula \ \ duration \ \ \ \ \ \ \ \ \ \ 1000 \times 8\%\\\\[/tex]

[tex]years \ \ \ \ cash \ flows \ \ \ \ pv\ of \ 6\%\ \ \ \ present \ value \ \ \ \ current \ value \ \ \ \ pv/current \ value \ \ \ \frac{pv}{cp}\times t[/tex][tex]\$80.00\ \ \ \ \ \ \ 0.9434 \ \ \ \ \ \ \ \$75.472 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.0728 \ \ \ \ \ \ \ 0.0728\\\\\$ 1,080.00 \ \ \ \ \ \ \ 0.8900 \ \ \ \ \ \ \ \$961.196 \ \ \ \ \ \ \ \$1,036.67 \ \ \ \ \ \ \ 0.9272 \ \ \ \ \ \ \ 1.8544\\\\[/tex]

                                             [tex]\$ 1,036.668 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1.92772\\\\[/tex]

that's why the Macaula duration is 1.93 years.

What is the best candle brand for the cost performance?

Answers

Answer:

Yankee candle

Explanation:

An outside supplier offers to provide Epsilon with all the units it needs at $64.50 per unit. If Epsilon buys from the supplier, the company will still incur 40% of its overhead. Epsilon should choose to:

Answers

Answer:

See below

Explanation:

The above is an incomplete question. However, the beginning part from similar question is

Epsilon co. Can produce a unit of product for the following costs. Direct material Direct labor overhead total cost per unit

$8.20 $24.20 $41 $73.40

Calculation to determine what Epsilon should choose

Relevant costs to make = $8.2 + $24.20 + [$41 × (100% - 40%)]

Relevant costs to make = $8.2 + $24.20 + ($41 × 60%)

Relevant costs to make = $8.2 + $24.20 + $24.6

Relevant costs to make = $57

Therefore, Epsilon should choose to:

Make since the relevant cost to make it is $57

Tim is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per year. He is eligible for welfare, and if he does not earn any income, he will receive $15,000 a year. If Tim works, the government policy is to deduct 60 cents from his welfare stipend for every $1 that he earns in income. This government policy provides a monetary incentive to work, because

Answers

Answer:

The more he works, the higher Tim's salary level. A further explanation is provided below.

Explanation:

Throughout this instance, we must look at Tim's degree of labor as well as his revenue.

Tim would then earn $15,000 if he doesn’t really perform, then he can make,

= [tex]6\times 1200[/tex]

= [tex]7200 \ per \ year[/tex]

60 per cent of its revenue as well from his assistance fund would be deducted by the administration.

= [tex]15000-0.60\times 7200[/tex]

= [tex]10680[/tex]

Now,

His total income will be:

= [tex]10680+7200[/tex]

= [tex]17880[/tex]

Thus the above is the correct answer.

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income $85,800
Depreciation expense 12,500
Gain on sale of land 8,000
Increase in merchandise inventory 2,550
Increase in accounts payable 6,650

a. $37,400.
b. $13,150.
c. $94,400.
d. $14,150.
e. $29,400.

Answers

Answer:

c. $94,400

Explanation:

Net cash provided or used by operating activities is computed as see below;

Net cash provided or used by operating activities = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable

Net cash provided or used by operating activities = $85,800 + $12,500 - $8,000 - $2,550 + $6,650

Net cash provided or used by operating activities = $94,400

Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
Estimated machine-hours 72,900
Estimated variable manufacturing overhead $ 3.50 per machine-hour
Estimated total fixed manufacturing overhead 838,710
The predetermined overhead rate for the recently completed year was closest to:________.
A. $6.66 per machine-hour
B. $10.50 per machine-hour
C. $8.69 per machine-hour
D. $15.00 per machine-hour

Answers

Answer:

D. $15.00 per machine hour

Explanation:

The computation of the predetermined overhead rate for the recently completed year is seen below;

First, we will calculate the fixed overhead rate.

Fixed overhead rate = Estimated total fixed manufacturing overhead / Estimated machine - hours

Fixed overhead rate = $838,710 / 72,900

Fixed overhead rate = $11.50

Then,

Predetermined overhead rate = Fixed overhead rate + Variable overhead rate

Predetermined overhead rate = $11.50 + $3.50

Predetermined overhead rate for the recently completed year was closest to $15.00 per machine hour

Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $106 and of each door is $256. The variable cost of a window is $65.50 and of a door is $178.00. Fixed costs are $624,000.

Required:
a. Determine the selling price per composite unit.
b. Determine the variable costs per composite unit.
c. Determine the break-even point in composite units.
d. Determine the number of units of each product that will be sold at the break-even point.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the sales proportion:

Windows= 8/10= 0.8

Doors= 2/10= 0.2

Now, the selling and unitary variable cost per composite unit:

Selling price= 106*0.8 + 256*0.2= $136

Unitary varaible price= 65.5*0.8 + 178*0.2= $88

The break-even point:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 624,000 / (136 - 88)

Break-even point (units)= 13,000

Finally, the number of units for each product:

Windows= 13,000*0.8= 10,400

Doors= 13,000*0.2= 2,600

What percentage of authorized shares was issued by Coca-Cola at December 31, 2015, and by PepsiCo at December 26, 2015

Answers

Answer:

December 26

Explanation:

Because Pepsi Co is buy

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 2. Prepare a depreciation schedule for six years using the double-declining-balance method.

Answers

Answer:

Year       Depreciation expenses

  1                        $90,000

 2                        $60,000

 3                        $40,000

 4                        $26,667

 5                        $17,778

 6                        $11,556

Explanation:

Note: See the attached excel file for the depreciation schedule for six years using the double-declining-balance method.

The double-declining-balance method is a depreciation approach in which the rate of depreciation for an asset is twice the rate of depreciation for the straight line method.

In the attached excel, the double-declining-balance depreciation rate is therefore calculated as follows:

Straight line depreciation rate = 1 / Number of expected useful years = 1 / 6 = 0.166666666666667 = 16.6666666666667%

Double-declining depreciation rate = Straight line depreciation rate * 2 = 16.6666666666667% *2 = 33.3333333333334%

Also note the following in the attached excel file:

Beginning depreciable amount in Year 1 = Cost of the new machine = $270,000

The depreciation expenses for Year 6 is calculated by deducting the residual value of $24,000 from Year 6 Beginning depreciable amount. That is:

Depreciation expenses for Year 6 = $35,556 - $24,000 = $11,556

The residual value of $24,000 therefore represents the book value at the end of Year 6.

From the attached excel file, we therefore have:

Year       Depreciation expenses

  1                        $90,000

 2                        $60,000

 3                        $40,000

 4                        $26,667

 5                        $17,778

 6                        $11,556

Combining a protective put with a forward contract generates equivalent outcomes at expiration to those of a:

Answers

Answer:

Fiduciary call.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

A covered interest arbitrage can be defined as trading strategy in which an investor minimizes his or her currency risk by using a forward contract to hedge against the interest rate difference between two countries i.e the exchange rate risk. Thus, it's considered to be the most common interest rate arbitrage around the world.

Generally, when a protective put is combined with a forward contract it would generate equivalent outcomes at expiration to those of a fiduciary call.

This ultimately implies that, a fiduciary call combines both a call option and a bond that's risk free and matures on the expiry date of an option.

Which of the following statements is incorrect? Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees. Employment insurance compensation increases the opportunity cost of being unemployed. The typical employment insurance compensation is roughly one third of one's latest salary for up to 26 weeks. Demand and supply curves for labor are constantly shifting.

Answers

Answer:

Employment insurance compensation increases the opportunity cost of being

unemployed.

Explanation:

The Employment insurance program is the benefit that is provided temporarily to the people who do not have jobs or had lost their jobs of no fault of their own. This program helps the unemployed with financial help temporarily so that they can survive and search for another jobs.

The compensations provided from the employment insurance encourages the people for a longer job search and better match between the employees and the jobs. This financial aid is provided for up to a maximum of 26 months and for 1/3rd of one's latest salary. The demand and supply curve for te labor is shifting constantly.

Thus the incorrect statement is :

Employment insurance compensation increases the opportunity cost of being

unemployed.

The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicates dividends payable of $43,200 at the beginning of the year and $38,900 at the end of the year.

Required:
What was the amount of cash payments to stockholders during the year?

Answers

Answer: $164,300

Explanation:

Cash payments to stockholders shows the total amount that the shareholders of a company got during the year. It includes the money owed to them at the start of the year in addition to cash paid during the year.

= Beginning dividends payable + Dividends for the year - Ending dividends

= 43,200 + 160,000 - 38,900

= $164,300

The Greenbriar is an all-equity firm with a total market value of $539,000 and 21,300 shares of stock outstanding. Management is considering issuing $137,000 of debt at an interest rate of 10 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities

Answers

Answer:

5,413 shares

Explanation:

The computation of the no of shares repurchased is given below;

Market Price per Share

= Existing market Value of Firm ÷ Number of Shares Outstanding

= $539,000 ÷ 21,300 Shares

= $25.31 per share  

Now

Total number of shares that can be redeemed

= Total Debt Issued ÷ Market Price per share

= $137,000 ÷ $25.31 per Share

= 5,413 shares

On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system. On October 4, Alberts returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Robertson must make on October 4 is:_____.
a. Sales returns and allowances...500
Accounts receivable...500
Merchandise Inventory...350
Cost of goods sold...350
b. Sales return and allowances...500
Accounts receivable...500
c. Accounts receivable...500
Sales returns and allowances...500
d. Accounts receivable...500
Sales returns and allowances...500
Cost of goods sold...350
Merchandise inventory...350
e. Sales returns and allowances...350
Accounts receivable...350

Answers

Answer:

b. Sales return and allowances...500, Accounts receivable...500

Explanation:

Date        Accounts & Explanation        Debit   Credit

Oct 4       Sales return and allowance    $500

                      Account receivable                        $500

               (To record sales return and allowance)

Comparing each item on a financial statement with a total amount from the same statement is referred to as

Answers

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

Dylan invested $4200 into a continuously compounded account with an interest rate of 2.4%. How much will she have in the account after 11 years

Answers

Answer:

$47,322.21

Explanation:

the formula for calculating future value when there is continuous compounding is : A x e^r x N

A= amount

e = 2.7182818

N = number of years

r = interest rate

42,000xe^0.024 x 11 = $47,322.21

Answer:

A≈5469

Explanation:

Use the formula for calculating compound interest A=P0ert where P0=4200, r=0.024, and t=11. Substitute the values into the formula and simplify.

A=4200e0.024⋅11

A=4200e0.264

A=4200(1.302)

A=5468.94

After 11 years, the balance in the account is A≈5469, rounded to the nearest dollar.  

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